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AICPA Conference on Credit Unions 2020

CU2002 - CECL: What Have We Learned From Adopters in 2020?

Oct 19, 2020 12:55pm ‐ Oct 19, 2020 2:10pm

Standard: $49.00


2020 was the first year of CECL adoption for many public financial institutions.  With the first few quarters of reporting behind us, what are some major takeaways that will make a 2023 adoption of CECL less stressful for Credit Unions.

Learning Objectives:
  • Understand the impacts of economic forecasting under CECL compared to an incurred loss approach.
  • Identify data and process flexibility that will help manage risk in a volatile market.
  • Understand how qualitative factors are being integrated into methodologies and best practice considerations to avoid layering of risk.


Category: General Session (Online)

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